Sebi proposes a new framework for broker net worth, linking requirements to client funds handled and active client base to strengthen risk buffers
In the circular, Sebi has illustrated that the pay-in obligation can fall by half compared to the current gross settlement mechanism
PropShare Celestia lists below issue price, PlaySimple files ₹3,150 crore IPO papers, and SEBI clears four companies for upcoming public issues
Sebi proposes changes to simplify rules on handling unpaid client securities, aiming to reduce operational complexity while maintaining safeguards for investors
Variable net worth to include 10% of the average credit balance of clients over the previous six months
The recommendation brings the world's largest derivatives exchange closer to resolving its long-running dispute with the Securities and Exchange Board of India
Bandhan Mutual Fund adds gold and silver ETF exposure to select schemes, aiming to enhance returns and reduce portfolio volatility
Earlier, individual investors were required to commit at least ₹2 lakh to participate in social impact funds under Alternative Investment Fund (AIF) regulations.
Electronic messaging services permitted for notices, summons after a 2021 amendment
Market regulator weighs expanding collateral norms, easing operations, and introducing dynamic price bands to enhance liquidity and strengthen market infrastructure
MCX to launch coal exchange subsidiary with full ownership initially, aiming to build a transparent and technology-driven market platform for coal trading in India
India's leading commodity bourse Multi Commodity Exchange (MCX) said on Monday it has received approval from markets regulator SEBI to invest in a proposed coal exchange company. MCX, which received the Securities and Exchange Board of India's approval on April 17, plans to incorporate a new wholly owned subsidiary, likely to be named MCX Coal Exchange Ltd or MCX Coal Exchange of India Ltd, according to a regulatory filing. The exchange said it will commit capital of up to Rs 100 crore to the new subsidiary to meet minimum net worth requirements under draft Coal Exchange Rules, and will initially hold a 100 per cent stake, with the option to bring in strategic partners at a later stage. The new entity will provide a transparent, standardised digital platform for the physical delivery of coal at market-driven prices, and will submit an application to the Coal Controller Organisation of India once prescribed timelines are in place. The move builds on MCX's existing energy derivative
Exchange aims to expand its commodity segment with differentiated offerings, focusing on product innovation, retail participation, and value-chain engagement
Avaada Electro, the solar manufacturing arm of the Brookfield-backed Avaada Group, has secured approval from Sebi to raise an estimated Rs 9,000-10,000 crore through an initial public offering (IPO), an update with the regulator showed on Friday. Besides Avaada Electro, textile firm Sonaselection India and Chennai-based Grand Housing have also received Sebi's approval to float their maiden public issues. According to the update, the three companies received the regulator's observations between April 15 and April 17. In Sebi parlance, issuance of observations implies its go-ahead to launch public offerings. Avaada Electro had filed its preliminary IPO papers with Sebi in October through the confidential route. The proposed IPO is expected to comprise a combination of a fresh issue of shares and an offer for sale (OFS) by existing shareholders. According to people familiar with the development, the company is targeting to raise Rs 9,000-10,000 crore, which could value it in the rang
Brokerage compensates clients for losses from MCX outage, citing goodwill gesture to protect relationships despite the issue originating at the exchange
Markets regulator Sebi has amended the 'fit and proper person' framework for market intermediaries, removing the automatic disqualification triggered by mere filing of criminal complaints, FIRs, or charge sheets in economic offence cases. The changes are aimed at bringing greater procedural clarity and fairness to the regulatory process. Under the revised norms, the existence of a pending criminal complaint, FIR filed by Sebi, or a charge sheet relating to economic offences will no longer, by itself, lead to automatic disqualification. However, Sebi has expanded the disqualification criteria upon conviction. In addition to offences involving moral turpitude, conviction for any economic offence or violation under securities laws will also attract disqualification, according to a notification dated April 15. Further, initiation of winding-up proceedings will no longer be a ground for disqualification. However, an actual winding-up order will continue to attract ...
Sebi chairman Tuhin Kanta Pandey says India's capital markets are resilient and globally competitive, supported by reforms such as T+1 settlement and improved investor access
Securities and Exchange Board of India signs MoU with Financial Intelligence Unit - India to curb market fraud; PropShare REIT IPO sees full subscription
Markets regulator Sebi has extended the registration validity for not-for-profit organisations on the Social Stock Exchange, allowing their enrolment as NPOs for three years without raising funds, and lowered the minimum subscription requirement for issuing Zero Coupon Zero Principal Instruments (ZCZP). The moves are aimed at promoting the SSE (Social Stock Exchange) and facilitating ease of fundraising and encouraging greater participation by NPOs, Sebi said in its circular on Wednesday. Sebi has extended the validity period to three years from the existing two years, during which NPOs can remain registered on the SSE without raising funds. Sebi has taken into account practical challenges faced by NPOs, including delays in statutory and regulatory approvals. "It is being specified that a NPO may register on a SSE and not raise funds through it for a period of two years from the date of registration. Such period of two years may be further extended by one additional years subject t
Murty had earlier served as a part-time member on Sebi's board as a government nominee